Digital currencies and Hayek’s denationalization of money

Private currencies have always played an important role in the history of money. In the United States, for example, it was estimated that 8,000...

Can U.S. regulators do fintech?

In a recent speech, Commissioner Hester Peirce from the U.S. Securities and Exchange Commission (SEC) admonished financial regulators against behaving like “helicopter parents,” treating...

The benefits of secured transactions reform

One of the most promising international commercial developments in recent years has been the increasing adoption, especially by developing countries, of modern secured transactions...

The world’s reserve currency

What is a reserve currency? A reserve currency is a currency that governments hold in their foreign exchange reserves to settle international claims and...

Modern Monetary Theory

In its publication Global Sustainable Development Report 2019, the United Nations includes a section called Governance of Economic Transition. Its official purpose is to...

The Internet of Payments and the future of banking: Crisis and opportunity

Imagine a world where your washing machine can recognize it needs more detergent and orders it for you. Now imagine a world where your...

The top 25 Initial Coin Offering jurisdictions and their comparative regulatory responses

Initial Coin Offerings (ICOs) provide unprecedented liquidity and efficiency for capital formation while minimizing transaction cost. While ICOs have historically allowed primarily crypto start-ups,...

It will be better

Is productivity growth really slowing down?  There appears to have been a sharp drop in the annual rate of productivity growth in the U.S....

Cryptocurrencies: Beyond fear and hype

This September will mark the tenth anniversary of the last financial crash. In October, another equally longstanding development will celebrate its first decade: Bitcoin,...

Prepare for the rise of cryptocurrencies and blockchain technologies

I recently had the distinct pleasure of being on a panel discussion that revolved around the topic of de-risking of Caribbean banking sectors and...
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Get it while you can: Crypto-friendly jurisdictions must move fast

Cryptocurrencies have excited many people for many different reasons. Techno-libertarians aim to free people from fallible politicians and central bankers who distort the economy. Techno-geeks...

Blockchain innovation and fee structure implications for private investment funds

The traditional 2/20 fee structure of private investment funds has come increasingly under pressure in the last ten years. While market factors help explain...
Smart Contract

Crypto transaction dispute resolution

The rapid evolution of anonymous, autonomous, and distributed blockchain-based smart contracting creates friction and enforceability issues with existing legal and jurisdictional principles, calling the...

The future of money: How cryptocurrencies with real backing will become the ultimate disruptive...

The world has been plagued by endless fluctuating exchange rates between countries and persistent and highly variable rates of inflation ever since the major...
The letters ICO made up from ones and zeros.

Anguilla announces world’s first blockchain utility token offering registration process

On May 4, 2018, the Anguilla House of Assembly enacted the Anguilla Utility Token Offering Act, which provides for the registration of issuers of...

Crypto renaissance – An introduction to initial coin offerings and the importance of blockchain...

Throughout history, new technologies have come along that quite literally change everything. One of the earliest examples is the study of astronomy which, dovetailed...
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Opportunities for crypto-havens to capture business

Blockchain technology is set to drive a new era of global public policy competition. In May 2018, the premier of Bermuda, David Burt, announced...

A modest proposal: Helicopter money and pension reform

It is possible to fix the bankrupt Social Security System and the Federal Reserve’s failure to achieve its inflation target painlessly. Yes, really. The Fed...

Learning from the present: What financial economics tells us about bitcoin

The ongoing saga of ever-rising market valuations for cryptocurrencies, has captured pages and pages of mainstream news and attracted millions of new investors. If...
GDPR

Technology and privacy – Is the GDPR already out of date?

Nothing challenges the effectiveness of privacy laws like technological innovation. As the volume of data being generated about individuals increases, technology is making it...